Insights

FASB Announces Accounting Standards Update

  • Peter Lynch

Per the image above, while it may not be the most exciting news, it’s information you need to know: The Financial Accounting Standards Board (“FASB”) has issued a final standard to simplify the presentation of debt issuance costs. Most concisely, this new standard requires that the costs associated with debt issuance be presented as a direct deduction from the associated debt liability. This is in contrast to the previous approach, which called for capitalizing this expense and amortizing it over the life of the loan. This update became effective for financial statements for fiscal years after December 15, 2015, and interim periods within fiscal years by December 15, 2016.

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Multi Location Model (Franchise Model)

  • Peter Lynch

To make room for a new series of videos, I am moving the “Multi Location Model” to the Reference page per this post. The series titled Business Development will instead focus on the financial model behind this website.

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Test Your Financial Modeling Knowledge

  • Peter Lynch

Friends of ASM – I am stoked to announce that we are incorporating a new quizzing platform. At ASimpleModel.com, we believe testing makes you smarter faster, and that retrieving knowledge from memory is essential to successful learning. We are also working to keep as much content available for free as we possibly can. In that effort, our goal is to charge primarily for testing.

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My Quora Profile

  • Peter Lynch

I started answering questions on Quora a couple years ago to help create awareness for ASimpleModel. I have since found that I rather enjoy answering questions of a wider variety, and thought it would be relevant to share them here. Below you will find a selection of answers that relate to finance and / or investing, but not necessarily to financial models.

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How can I get good at financial modeling in three months?

  • Peter Lynch

I answer questions on Quora from time to time, and thought I should start sharing answers related to finance and financial models on ASM. You can find my profile HERE.

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